Wednesday, March 31, 2010

Thurs.

11:30am CDT - Stopped by 2 @&%#* cents in my short crude trade just after the factory orders report! After the inventory report a half hour later, it easily went down to target. This is the frustrating part of trading and you must roll with the punches. My "oh so close" $1450 in crude profit was not meant to be today and because of 2 ticks, it was meant to be an $1100 loser instead. OK, done venting.

Beans were ON FIRE (for first few minutes anyways)! Gapping down more than 20 cents and falling another 22 after that. I caught a tiny 4 cent chunk after losing 1.5 cents on an earlier long probe.

Net breakdown (contracts traded):
ZS $688(12), GCL -$1138(4)
RESULTS FOR DAY
Contracts:16
Net $P/L:-449
Wins:1
Losses:2
Win%:33
Avg$Win:1169
Avg$Loss:-809

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